Gabelli Dividend & Income Trust Expands Investment Team with Kevin Dreyer and Chris Marangi Named Portfolio Managers

GAMCO Investors, Inc. (NYSE:GBL) announced the addition of Kevin V. Dreyer and Christopher J. Marangi to the investment team of the Gabelli Dividend & Income Trust (the "Fund”). Messrs. Dreyer and Marangi join Mario J. Gabelli and Barbara G. Marcin, who have been the team portfolio managers of the Fund since its launch on November 28, 2003, and Robert D. Leininger, who was named a portfolio manager on September 27, 2010.

Commenting on the appointments, Mr. Gabelli said, "We are delighted to have Kevin and Chris join the Dividend & Income Trust team. Kevin and Chris have an excellent foundation in Graham & Dodd fundamental research that has served a number of our funds well.”

Mr. Dreyer joined Gabelli & Company, Inc. as a research analyst in 2005, and currently leads the consumer research team. He has been the Associate Portfolio Manager of the GAMCO Global Opportunity Fund since 2006; the Gabelli Healthcare & Wellness^Rx Trust since 2007; The Gabelli Asset Fund since 2009; and a Co-Portfolio Manager of the GAMCO Natural Resources, Gold & Income Trust by Gabelli since 2011. He holds an MBA from Columbia Business School. Mr. Dreyer previously worked as an investment banking analyst at Banc of America Securities following his graduation from the University of Pennsylvania.

Mr. Marangi joined Gabelli & Company, Inc. as a research analyst in 2003, and currently leads the digital research team covering the global media and telecommunications industries. He has been the Associate Portfolio Manager of the Gabelli Value Fund since 2006; the Gabelli Global Multimedia Trust since 2010; The Gabelli Asset Fund since 2010; and a Co-Portfolio Manager of the GAMCO Natural Resources, Gold & Income Trust by Gabelli since 2011. He holds an MBA from Columbia Business School. Mr. Marangi was previously an investment banking analyst at J.P. Morgan & Co. and an Associate at Wellspring Capital Management, a private equity firm, following Williams College where he graduated magna cum laude and Phi Beta Kappa.

The Gabelli Dividend & Income Trust (NYSE:GDV) is a non-diversified, closed-end management investment company with $1.9 billion in total net assets. The Fund’s primary investment objective is to provide a high level of total return with an emphasis on dividends and income.

GAMCO Investors, Inc. (NYSE:GBL), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships) and is known for its Private Market Value with a Catalyst™ style of investment. As of September 30, 2011, GAMCO Investors, Inc. had $31.3 billion in assets under management.

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